US stocks tumbled on Friday as the key monthly jobs report surprised to the downside and oil prices surged amid a deepening Middle East conflict, raising inflation worries. The Dow Jones Industrial Average (^DJI) sank 0.9%, or more than 450 points. The tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1.6%, and the S&P 500 (^GSPC) fell 1.3%, after another volatile and losing session on Thursday. All three major averages posted weekly losses and are now negative for the year. The February jobs report showed nonfarm payrolls unexpectedly fell by 92,000, widely missing expectations that the US
US stocks tumbled on Friday as the key monthly jobs report surprised to the downside and oil prices surged amid a deepening Middle East conflict, raising inflation worries. The Dow Jones Industrial Average (^DJI) sank 0.9%, or more than 450 points. The tech-heavy Nasdaq Composite (^IXIC) dropped roughly 1.6%, and the S&P 500 (^GSPC) fell 1.3%, after another volatile and losing session on Thursday. All three major averages posted weekly losses and are now negative for the year. The February jobs report showed nonfarm payrolls unexpectedly fell by 92,000, widely missing expectations that the US